v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 148,610 $ 29,010
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 39,094 42,161
Change in fair value of contingent consideration, net   1,698
Provision for credit losses 10,559 8,101
Amortization of deferred debt issuance costs 2,816 2,749
Share-based compensation 3,676 15,681
Deferred income taxes, net (7,193) 4,031
Gain on sale of discontinued operations (103,412)  
Other (72) 2,919
Change in operating assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable (114,125) (79,449)
Prepaid expenses and other current assets (7,791) 23,973
Inventories 254,833 103,300
Trade accounts payable (86,987) (53,871)
Accrued expenses 11,030 8,643
Other assets and liabilities (28,095) (7,348)
Net cash provided by operating activities 122,943 101,598
Investing activities:    
Purchases of property and equipment (21,544) (17,632)
Acquisitions of businesses (42,203) (6,754)
Proceeds from sale of discontinued operations 810,908  
Other 232 195
Net cash provided by (used in) investing activities 747,393 (24,191)
Financing activities:    
Long-term debt repayments (12,353) (11,792)
Repayments of the Revolving Credit Facility, net   (63,300)
Repurchase of shares of common stock (60,000)  
Proceeds from shares issued under share-based compensation plan 12,092 345
Taxes paid related to net share settlement of equity awards (5,708) (2,763)
Purchase of redeemable noncontrolling interest   (5,100)
Payments of financing lease obligations (4,047) (3,408)
Net cash used in financing activities (70,016) (86,018)
Net increase (decrease) in cash and cash equivalents 800,320 (8,611)
Cash and cash equivalents at beginning of period 88,477 61,253
Cash and cash equivalents at end of period 888,797 52,642
Cash and cash equivalents included in assets held for sale at end of period   305
Cash and cash equivalents included in continuing operations at end of period 888,797 52,337
Supplemental disclosures of cash flow information:    
Interest, net 42,715 53,799
Income taxes, net of refunds 398 245
Supplemental schedule of non-cash investing and financing activities:    
Financing lease obligations 726 3,408
Purchases of property and equipment in accounts payable $ 3,668 $ 10,416